As part of a new series, each week we typically conduct a DCF on one of the companies in our screens. This week we thought we’d take a look at one of the stocks that is currently in our screens, Procter & Gamble Co (PG). Profile Since its founding in … Read More
This Week’s Best Value Investing News, Podcasts, Interviews (16/02/2024)
This week’s best investing news: MiB: David Einhorn, Greenlight Capital (MiB) Mohnish Pabrai’s Interview at Morningstar (MP) Cliff Asness – Why Not 100% Equities (AQR) Yield Is Not Return (Verdad) Bill Ackman’s War on Harvard, MIT, DEI, and Everyone Else (NYMag) Michael Burry Covers Bet Against Chips ETF, Buys Health … Read More
10 Big-Name Stocks Near 52-Week Lows: Are They A Buy?
Over the past twelve months a number of big named companies have been near or below their 52 week low price. Each week we’ll take a look at some of the biggest names currently close to their 52 week lows: Symbol Name Price $ 52 Week Low $ PFE Pfizer … Read More
Why Lockheed Martin Corp Is A Buy? Acquirer’s Multiple Stock Screener Analysis
As part of our ongoing series here at The Acquirer’s Multiple, each week we focus on one of the stocks from our Stock Screeners, and why it’s a ‘buy’ based on key fundamentals. One of the cheapest stocks in our Stock Screeners is: Lockheed Martin Corp (LMT) Lockheed Martin is the world’s largest defense … Read More
Buffett’s Korean Basket Bet: Achieving Diversification and High Returns
During their latest episode of the VALUE: After Hours Podcast, Taylor, Carlisle, and Huber discussed Buffett’s Korean Basket Bet: Achieving Diversification and High Returns. Here’s an excerpt from the episode: Tobias: There’s good comment here from Dimitrios. “This is why starter investors tend not to appreciate diversification and are under-diversified.” How … Read More
Charles Ellis: Beat the Market’s “Loser’s Game”: 4 Key Strategies for Investors
In this article titled The Loser’s Game, Charles Ellis provides 4 key strategies for those trying to win the Market’s “Loser’s Game” of investing: Key strategies: Play your own game: Know your investment principles and stick to them consistently Embrace simplicity and focus on making fewer, informed decisions Strengthen your … Read More
Warren Buffett: My $269M Mistake: The “Unforced Error” On USAir
In his 1994 Berkshire Hathaway Annual Letter, Warren Buffett discussed his mistake in purchasing USAir preferred stock for $358 million, on which the dividend was suspended. He admits that it was a case of sloppy analysis and hubris. He failed to focus on the problems that would inevitably beset a … Read More
Large-Cap Stocks In Trouble: Here Are The 10 Worst Performers Over The Past 12 Months
Over the past twelve months ten Large-Cap stocks have underperformed all others. Large-Caps are defined by $10 Billion Market Cap or more. Here’s this week’s top 10 worst performing Large-Caps in the last twelve months: Symbol Name 1 Year Price Returns (Daily) ALB Albemarle Corp -58.43% MRNA Moderna Inc -50.22% … Read More
This Acquirers Multiple Stock Is Undervalued, According to Simons, Dalio, Greenblatt
Part of the weekly research here at The Acquirer’s Multiple features some of the top picks from our Stock Screeners and some top investors who are holding these same picks in their portfolios. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, … Read More
Free Money + Carry Trade: Why Buffett’s Japan Bet is a Masterclass in Value Investing
During their latest episode of the VALUE: After Hours Podcast, Taylor, Carlisle, and Huber discussed Free Money + Carry Trade: Why Buffett’s Japan Bet is a Masterclass in Value Investing. Here’s an excerpt from the episode: Tobias: Japan was a good one. The more recent Japan one was a good … Read More
Michael Mauboussin: Investing Beyond Probability: The Power of Expected Value
In his paper titled The Babe Ruth Effect, Michael Mauboussin discusses expected value vs probability. He cites Nassim Taleb who predicted a 70% chance the market will go up slightly, yet shorts the S&P 500. Taleb’s reasoning through ‘expected value’: Up move has low payoff and high probability (70%) Down … Read More
Cliff Asness: Embrace Risk, Reap Rewards: Ditch Low-Return Comfort Zones for Investors
In his latest article titled Why Not 100% Equities, Cliff Asness argues for pushing change and embracing some risk for potentially better returns, instead of settling for lower performance due to investor comfort. He says that holding onto lower-performing portfolios because investors might abandon them due to temporary dips is … Read More
The One Stock That Superinvestors Are Dumping: Is It Time to Sell?
As part of the weekly research here at The Acquirer’s Multiple we’re always interested in superinvestors who hold the same stocks that appear in our Acquirer’s Multiple Stock Screeners, based on their latest 13F’s. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, Seth … Read More
Ergodicity in Action: Betting on Skiers with Risk & Reward Trade-offs
During their latest episode of the VALUE: After Hours Podcast, Taylor, Carlisle, and Huber discussed Ergodicity in Action: Betting on Skiers with Risk & Reward Trade-offs. Here’s an excerpt from the episode: Jake: Well, he’s run lots of marathons. Yeah, he’s going to run Boston. So, I have a little … Read More
Warren Buffett: Hogs, Hedge Funds & Human Flaws: The Game Behind Your Money
In his 2016 Berkshire Hathaway Annual Letter, Warren Buffett explains that many investment professionals exploit human psychology to earn high fees, regardless of actual performance. This harms institutions like pension funds and enriches advisors. He uses an anecdote about selling livestock to illustrate how skilled storytellers, not necessarily experts, can … Read More
David Einhorn: Uncovering Value Through Narratives & Misconceptions
In this interview with Masters in Business, David Einhorn explains why his investing approach is based on narrative and potential, which can lead to undervalued discoveries. Key takeaways include: Start with a qualitative assessment: seeking undervalued companies by identifying misunderstood narratives Focus on differences of opinion, not quantitative ratios Look for companies with … Read More
The Undervalued Stock That Superinvestors Are Loading Up On
As part of the weekly research here at The Acquirer’s Multiple we’re always interested in investing gurus who hold the same stocks that appear in our Acquirer’s Multiple Stock Screeners, based on their latest 13F’s. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Jim Simons, Prem Watsa, Jeremy Grantham, … Read More
Coffee Cans vs. Punch Cards: The Balancing Act of Portfolio Management
During their latest episode of the VALUE: After Hours Podcast, Taylor, Carlisle, and Huber discussed Coffee Cans vs. Punch Cards: The Balancing Act of Portfolio Management. Here’s an excerpt from the episode: Tobias: What’s your longest-term investment, John? Have you held onto anything for the whole ride? John: I don’t … Read More
Howard Marks: Are You Swimming Naked? The Hidden Dangers of Malinvestment
In this discussion with Edward Chancellor, Howard Marks explains how bad investments often fly under the radar until put to the test by challenging circumstances. It’s only then that the error’s real impact becomes clear. Here’s an excerpt from the discussion: Marks: The error is in the bad decision. What … Read More
Mohnish Pabrai: The Munger Mindset: Focus On Continuous Improvement & Avoid Stagnation
In this interview with Morningstar, Mohnish Pabrai discusses Charlie Munger’s philosophy of focusing on continuous improvement and not dwelling on past achievements. Here’s an excerpt from the interview: Pabrai: So what I found is that all of his (Munger’s) energies were focused on taking the next step forward. And they … Read More